Cashless Economy: Dibspace Founder’s Bid To Live On Virtual Currency For A Year

Cashless Economy: Dibspace Founder’s Bid To Live On Virtual Currency For A Year
technology

To draw more people to his site, Dibspace founder, Dominic Canterbury, plans to pay for everything from rent to food for an entire year using nothing but virtual currency.

Scott Lachut, PSFK Labs
  • 19 april 2010

In light of the well-documented troubles of the world’s economy (arguably a virtual marketplace of its own), the idea of de-centralized currency and exchange has been given renewed attention. From local examples like the Brixton Pound and Ithaca Hours to alternative (often online) forms like Ven, Linden Dollars and Facebook Credits, new systems are enabling people to live further and further outside the realms of traditional transactions. Regardless of how far these platforms move away from actual dollars and cents, they’re still inextricably linked to larger economy in some way.  But given the right model, could someone exist solely on this kind of system for any length of time? Dibspace founder, Dominic Canterbury, plans to do just that, paying for everything from rent to food for an entire year using nothing but virtual currency.

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